NGO Sustainability, in its effort to promote the use of renewable energy, organized a Solar Tour in Battery Park, New York City. The architects who planned Battery Park used many innovative and unusual approaches in integrating solar energy into the facades and rooftops of the buildings. For example, entrance canapés have solar panels. Also, the façade and side of The Solaire Building has solar panels integrated into beautiful blue glass. In addition, there are features such as recycled wastewater, solar tracking, rain gathering, green roofs, and highly efficient other sources of energy for heating and cooling. All these features were explained by the leading solar installer responsible for much of the work at Battery Park City, Anthony Pereira, Board Member of NGO Sustainability.
Sept. 16, 2010, 8:30 a.m. EDT · Recommend · Post:
Bank of America Ahead of Plan on 10-Year, $20 Billion Environmental Business Initiative
Environmental Progress Report Details $8.4 Billion Directed toward Addressing Climate Change
CHARLOTTE, Sep 16, 2010 (BUSINESS WIRE) — In a report issued today, Bank of America announced it is ahead of schedule on its 10-year, $20 billion business initiative focused on addressing climate change, launched in 2007. Through June 2010, Bank of America has directed $8.4 billion through lending, investing, capital markets activity, philanthropy and the company’s own operations. Details can be found in Bank of America’s 2010 Environmental Progress Report at www.bankofamerica.com/environment.
“One way Bank of America helps set opportunity in motion for clients and communities is by financing renewable and energy efficiency technologies and projects that reduce greenhouse gas emissions,” said Anne M. Finucane, Global Strategy and Marketing officer and chair of Bank of America’s Environmental Council. “As an organization, we believe we can help address climate change and spur economic recovery by creating new businesses, technologies and jobs. Even in this challenging economy, the momentum we’re seeing demonstrates that strong demand for capital, service and expertise in this sector continues to present a compelling business opportunity.”
The $20 billion environmental business initiative is comprised of hundreds of transactions in 45 states, the District of Columbia, Canada and markets across Asia and Europe. The 2010 report provides an update on the company’s progress toward its environmental goals, commitments and activities including:
– $2.8 billion in commercial real estate banking, financing projects relating to LEED(R) (Leadership in Energy and Environmental Design) certification, ENERGY STAR, brownfield redevelopment and the use of renewable energy tax credits.
– $2.8 billion in equity and debt capital raised to help facilitate clients’ climate change initiatives.
– $2.2 billion in equipment financing for energy efficiency projects and renewable energy projects in solar, wind, biomass and biofuel technologies for both utilities and end users.
– $265 million in private equity investments for innovative companies addressing climate change issues.
– $233 million invested in corporate workplace energy and resource efficiency initiatives for Bank of America facilities and LEED certification for all new construction office facilities and banking centers.
– $102 million in transactions that have financed emission reductions in the global carbon markets.
– $21 million in philanthropic support for nonprofit organizations focused on addressing climate change and other environmental opportunities.
In addition, Bank of America Merrill Lynch has provided industry-leading advice to clients on more than $2 billion in low-carbon energy and clean energy mergers, acquisitions and other financial transactions on behalf of both large and small renewable energy companies.
The company also has taken measurable actions to reduce and report on the environmental impact of its own operations. Notably, as a member of the EPA Climate Leaders program, the bank reduced its absolute greenhouse gas emissions by 18 percent over its 2004 benchmark, doubling a goal set five years ago.
Bank of America
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 57 million consumer and small business relationships with 5,900 retail banking offices, more than 18,000 ATMs and award-winning online banking with 29 million active users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (BAC 13.51, -0.04, -0.30%) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
SOURCE: Bank of America
Reporters May Contact:
Britney Sheehan, Bank of America, 1.206.358.7563
The small town of Furnace Creek, California’s exposure to the heat wave has greatly diminished the quality and quantity of the 40% contribution it supplies for American agriculture. Its exposure to the Western drought has diminished groundwater supplies and increased energy costs due to the demand for pumping. One strategy that has been implemented is promoting the use of locally produced compost to increase the moisture-holding capacity of fields. Investing in climate change adaptation would also be more cost-effective than the 11.6 billion invested in crop insurance.
Getting U.S. Offshore Wind Farms Built: Integrating Knowledge from the European Market
North American Clean Energy
At the end of 2012, the estimated installed capacity of offshore wind exceeded five gigawatt (GW). The majority of this energy lies in European waters with some in China and Japan. In the U.S., a number of offshore projects are in advanced stages of development but installation has yet to occur. Some common challenges include: high development and construction costs, obtaining accurate predictions, grid capability, and constrained supply chains. It remains possible to complete projects with minimal delays and within the overall budget allowance. The success of a project depends on the willingness to seek independent advice, use of proven technologies and supplies, and realistic provisions for construction costs and timelines. Although offshore wind power in North America Is still in the planning stages, several committed companies are pushing for this to become a reality.
Read more: here
A Floating Wind Tower in Launched in Maine
New York Times: 31 May 2013
Offshore wind had not yet caught on in the United States due to the steep cost of erecting a tower in the water, but at the University of Maine, researchers have tried another cheaper approach by launching a floating wind tower which is the first wind installation in the United States. Its 20 Kilowatts has enough capacity to fuel only a handful of large homes during a summer day but this is only the beginning. Two advantages distinguish the new project from onshore ones: it can catch the strong breezes on a sunny summer afternoon and it can produce more electricity than onshore towers. The floating wind tower sits on three concrete tubes. It is one of seven projects under a $ 168 million government aided program.
Read more: here
Energy-smart, ‘green’ practices the new must-haves in commercial buildings
The Advocate: 30 May 2013
When companies look for a building location, one of their first priorities usually is location. However, factors like reduced energy bills and having equipment that make a smaller impact on the environment are rising on companies’ priority list. Stamford, Connecticut is joining the Commercial & Industrial Property Assessed Clean Energy (C-PACE) program, which will give building owners in the state’s third-largest city an ally in their efforts to be “green.”
Read More: here
Japan’s Big Jump Forward
Solar Today: April 2013
Growth in renewable energy, especially solar, has been proceeding at a frenetic pace since Japan initiated its generous feed-in tariff on July 1, 2012. This incentive enticed everyone, including oil companies, to participate. Japan is expected to be the world’s third biggest solar market this year, right behind China and the United States/Italy. The goal is for renewables to provide 40 percent of Japan’s electricity by 2030.
Read More: here
International Peace Institute (IPI) Speaker Series
“Clean and Green: Renewable Energy, Security and Development”
September 27, 2012